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Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 trillion the company’s disclosure report says.
According to media reports, GMR Coal Resources Pte. Ltd. sold 1,764,705,900 shares or the equivalent of 30% of the shares that have been issued and fully paid in PT Golden Energy Mines Tbk to PT ABM Investama Tbk on 31 August 2022 through an Auction process.
Based on this auction results, the report further noted that, PT ABM Investama Tbk through PT Radhika Jananta Raya (PT RJR), a wholly-owned indirect subsidiary of PT ABM Investama Tbk, has signed a Share Purchase Agreement on August 31, 2022, to purchase 1,764,705,900 shares or equivalent to 30% of GEMS shares listed and traded on the stock exchange from GMR Coal Resources Pte. Ltd. with a purchase price of US$ 420 million plus deferred compensation," ABM Investama said in an information disclosure, on 31 /8/2022.
According to the disclosure, based on the Agreement, PT ABM Investama Tbk acts as guarantor of PT RJR which unconditionally and irrevocably guarantees to GMR Coal Resources Pte. Ltd. for proper and timely performance and compliance by PT RJR for all obligations, commitments, efforts, guarantees, and compensation under the Agreement.
The settlement of the Share Purchase Transaction is subject to the fulfillment of preliminary requirements, among others, the approval of the General Meeting of Shareholders and the Board of Commissioners of PT RJR on the Share Purchase Transaction, the approval of the Board of Commissioners of the PT ABM Investama Tbk which approved the Company to enter into the Agreement and the provision of guarantees by the Company based on the Agreement and approval from the PT ABM Investama Tbk’s creditors to approve the Share Purchase Transaction, including changes to the Supplemental Indenture in relation to the US$ 200 million 9.5% Senior Notes maturing in 2026.
"All of the Preliminary Requirements will be completed within 75 days from the signing of the Agreement or on another date as agreed by the GMR Coal Resources Pte. Ltd. and PT RJR," PT ABM Investama Tbk said in its disclosure.
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Friday, 22 July 22
MARKET INSIGHT - INTERMODAL
Faced with uncertainty regarding the most cost-efficient alternative fuels and the future dominant method to reduce their greenhouse emissions, man ...
Friday, 22 July 22
YANCOAL AUSTRALIA CUTS 2022 COAL OUTPUT VIEW AS FLOODS, COVID BITE - REUTERS
Coal miner Yancoal Australia Ltd YAL.AX cut its 2022 output forecast on Wednesday, signalling a hit from higher-than-expected rainfall, COVID-19-le ...
Wednesday, 20 July 22
BOOST FOR BIOFUELS AS IMO REMOVES REGULATORY HURDLE - GARD
MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory req ...
Wednesday, 20 July 22
INDONESIA’S COAL EXPORTS TO THE EU INCREASED SIGNIFICANTLY RECENTLY
European countries have increased coal imports from Indonesia due to the energy crisis that hit the region after Russia cuts gas exports to Europe. ...
Tuesday, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
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- Bhushan Steel Limited - India
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- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Planning Commission, India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
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